Akanksha Power and Infrastructure IPO will open for subscription from 27 December 2023. The company aims for an issue size of ₹27.49 Cr through this IPO.
Company Overview
| Full name | Akanksha Power and Infrastructure Limited |
| Sector | Capital Goods |
| Industry | Electric Equipments |
| Company Website | https://www.apil.co.in/ |
About Company
Incorporated in 2008, Akanksha Power and Infrastructure provides sustainable and reliable power solutions. The company is engaged in the business of manufacturing electric equipment, including electrical panels, instrument transformers, and vacuum contactors, catering to institutions, industries, and electricity transmission and distribution utilities. The company has two manufacturing plants in Nashik, Maharashtra.
From 2008 to 2010, the company was engaged in the trading of capacitors, which were procured from EPCOS India Private Limited, currently known as TDK Electronics. The major commercial operation of the company started in the year 2010, as an input-based rural power distribution franchise (DF) in Khaira Electrical Subdivision, Balasore, Odisha. In the year 2013, the company established its manufacturing facilities and started production of APFC Panels to provide Power Quality Solutions.
Besides, Akanksha Power and Infrastructure entered into a new sector of business, i.e., turnkey construction of High Tension (HT) and Low Tension (LT) electrical infrastructure including 33/11 KV Substations, Distribution Substations, etc. In the year 2016, the company added new products like Current Transformer (CT), Potential Transformer (PT), and Residual Voltage Transformer (RVT), used to measure current and voltage in electrical systems. In 2018, the company got the green field LED street light projects on a turnkey basis in 12 districts of Odisha.
In the year 2019, the company launched another new product Vacuum Contactors which are used in heavy-duty applications and are designed to operate reliably even in harsh environments.
The Objectives of the Issue
- To meet the Capital Expenditure Requirement of the Company.
- For Working Capital requirements of the Company.
- To meet out the General Corporate Purposes.
- For Issue Expenses.
Akanksha Power and Infrastructure IPO Timetable
| IPO Opening date | 27 December 2023 |
| IPO Closing | 29 December 2023 |
| Basis of Allotment | 01 January 2024 |
| Initiation Refund | 02 January 2024 |
| Credit to Demat Account | 02 January 2024 |
| Listing Date | 03 January 2024 |
Akanksha Power and Infrastructure IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹27.49 Cr – 4,998,000 shares |
| Fresh Issue | ₹27.49 Cr – 4,998,000 shares |
| Offer for sale | Nil |
| Face value | ₹105 per share |
| Price Band | ₹52 to ₹55 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 260,000 shares |
| Shareholding pre-issue | 11,260,200 |
| Shareholding post-issue | 16,258,200 |
| Listing Exchange | NSE SME |
Akanksha Power and Infrastructure IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
Akanksha Power and Infrastructure IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,418,000 (28.37%) |
| Market Maker Shares Offered | 260,000 (5.20%) |
| QIB Shares Offered | 948,000 (18.97%) |
| NII (HNI) Shares Offered | 712,000 (14.25%) |
| Retail Shares Offered | 1,660,000 (33.21%) |
| Total Shares Offered | 4,998,000 (100%) |
Akanksha Power and Infrastructure Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 74.27 | 51.84 | 46.09 | 9.88 |
| Expenses | 68.91 | 48.62 | 42.40 | 9.32 |
| Net income | 3.92 | 2.41 | 2.91 | 0.71 |
Akanksha Power and Infrastructure Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.90 | 1.90 | 2.29 |
| PE ratio | – | – | 22.71 – 24.02 |
| RONW (%) | 36.84 | 18.46 | 18.20 |
| NAV | 58.65 | 71.92 | 87.93 |
| ROCE (%) | 40.07 | 21.74 | 22.75 |
| EBITDA (%) | 9.22 | 9.27 | 11.33 |
| Debt/Equity | 0.84 | 0.81 | 0.96 |
Company Promoters
- Mr Bipin Bihari Das Mohapatra
- Ms Chaitali Bipin Dasmohapatra.
Promoter Holding
| Pre Issue Share Holding | 60.81% |
| Post Issue Share Holding | 83.28% |
Akanksha Power and Infrastructure Lead Manager(s)
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
Akanksha Power and Infrastructure Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083, Maharashtra
Phone: +91 8108114949
E-mail: akanksha.ipo@linkintime.co.in
Website: www.linkintime.co.in
Akanksha Power and Infrastructure Contact Details
AKANKSHA POWER AND INFRASTRUCTURE LIMITED
Plot No. 87/4, MIDC, Satpur,
Nashik- 422007, Maharashtra, India
Phone: +91 9370345000
E-mail: bdm@apil.co.in
Website: www.apil.co.in
Akanksha Power and Infrastructure IPO Allotment Status
Akanksha Power IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Akanksha Power and Infrastructure IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
